Publication of the outcome of the ESM 9-11-2020

Publication of the outcome of the extraordinary shareholders’ meeting of 9 November 2020

The extraordinary shareholders’ meeting of Montea was held yesterday, at which the shareholders approved, among others, the following proposals:

• The conversion of the current legal form of Montea of a partnership limited by shares (commanditaire vennootschap op aandelen or Comm. VA) with a statutory manager, into a limited liability company (naamloze vennootschap or NV) with a sole director (being Montea Management NV). This conversion will take effect as of 9 November 2020. The articles of association of Montea have been adjusted accordingly and have been made compliant with the Belgian Code on companies and associations.
• Amendment of the corporate purpose of Montea, allowing Montea to meet the demands of both recent (e.g. public-private partnership projects) and any potential future amendments to the Law in respect of regulated estate companies; and
• The renewal of the powers granted to the statutory manager in the past, with regard to the redemption and pledging of own shares with a maximum of ten percent (10%) of the total number of issued shares.

Minutes

The minutes of this extraordinary shareholders’ meeting will shortly be published in full on the website of Montea (www.montea.com/investor-relations/corporate-documents).